Bank Nifty unable to close above supply zone,EOD Analysis

Bank Nifty tried to move on the demand zone @17368 but for 4 day in row continued to close below it, Bulls needs to close above 17368 for a move till 17600. Gunner still suggests bears are in control till we do not close above the gann trendline. If not bank nifty will move towards 17000 odd levels.How to Prepare Successful Trading Plan

Bank Nifty November Future Open Interest Volume is at 21.4 lakh with addition of 0.67 Lakh with decrease in CoC suggesting short position were entered today. Rollover cost of Bank nifty is @ 17782

17000 PE is having highest OI @3.1 lakh strong base @17000 followed by 16500. 16500/17500 PE added 0.70 lakh not strong addition seen by bulls as compared to bears. Range of Bank Nifty at start of series is coming between 16500-17500.

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